Post
Topic
Board Speculation
Re: Buy Buy Buy or Sell Sell Sell?
by
Amicablecrypto
on 23/06/2024, 23:08:32 UTC
[edited out]
Usually determining purchasing power based on planning, you will never be able to do it if you don't plan properly. Because the better the plan, the more you can incentivize yourself to buy bitcoins. At present there are dips in the wider bitcoin market, so you should be cautious and buy dips to ensure success later on.

These are a bit strange ideas regarding concentrating on how any of us might be more profitable to buy the dip, and sure I don't have any problem with the idea of being able to buy more bitcoin with the same amount of money, and so if we are in the stage of BTC accumulating, maybe over time if we are strategizing our regular buys of bitcoin to try to buy on dips rather than merely buying whenever we have the money coming in, sure maybe we will be able to increase our bitcoin stash by 10% or so.. but in the whole scheme of things it may not be easy to measure the extent to which we might be becoming more profitable by buying the dip instead of just regularly buying.. .

So in some sense getting obsessed about whether you might have bought some BTC cheaper causes me to consider that you might be distracted by the short-term dollar values of your stash and your desires to turn over some quick profits in dollars so that you can buy yourself some kind of a treat..... so maybe there is nothing wrong with that, except that it is likely a bit short-sighted when it comes to something so valuable like bitcoin that many folks likely end up selling too many of their BTC too soon and/or fucking around with trying to trade (gamble with) their bitcoin rather than just stacking sats at no matter the price and not getting too concerned about if they may or may not be 5% or 10% more in profits in the short term, since it may well not matter 10-15 years down the road if you might have 1.8 BTC that you bought at an average of $90k per BTC or 2.5 BTC that you bought at an average of $100k each.... and maybe the more important thing is actually accumulating more BTC rather than getting too worked up about the cost..  or maybe if you spent time fucking around with trading you end up with less BTC... even though you might be able to get 10% or more profits because your costs per BTC end up being less.. even though sure, I am not opposed to getting more BTC or having lower costs per BTC.. just opposed to the mindset that monitors such short term profits in seemingly trading kind of ways... when it may well take 10-15 years or longer for many folks (especially newbies to bitcoin and/or investing) to build their bitcoin and/or their overall investment stash.
I agree with you. Me as a newbie into Bitcoin, accumulating in the dip is not a bad idea but I don't wait for a dip to happen before I can accumulate I'm using the DCA method of accumulation and to be honest it has been a good one, waiting for for a dip to happen is a wrong mindset and it will delay your Bitcoin accumulation journey. Buying in the dip is not a bad idea since it helps to accumulate enough Bitcoin but waiting for it is a bad idea what if it's those not happen that means you have waited in vain, the best thing to do is engage in the DCA method of accumulation and also make sure you have a strong emergency, reserves and float funds so when a dip happen you can accumulate as many as possible using your reserved funds.
This mindset of waiting for the dip will always make you accumulate less, Bitcoin is a long time investment and there's no need waiting for a dip to happen and I think those who are always waiting for a dip are traders as a newbie engaging in Bitcoin trading is the worst mistake one will make. Bitcoin investment should be a long time investment in other to be successful engaging in Bitcoin trading as a newbie will cause nothing but frustration to you and you may even lose money and may run away from Bitcoin if you want to have peace of mind in Bitcoin investment then bring out your mind to hodl for a long term someone like me I don't like stress and I hate to involve in any investment I won't make peace of mind.
And truth be told a short term investment may be classified as trading.